Overview
What is The Wellspring Group?
The Wellspring Group, located in Norcross, Georgia, is a nonprofit organization that specializes in church coaching. They offer teaching, coaching, and resources to church and business leaders, aiming to enhance their leadership skills. The organization's mission is centered around discipleship, helping individuals and groups lead better lives through Christ. They achieve this by providing a model for spiritual development, which is implemented through retreat experiences, small group sessions, and equipping churches and organizations to incorporate this process into their overall growth. With a team of 10 dedicated individuals, The Wellspring Group is committed to supporting the spiritual growth of churches and individuals.
Official website here: www.wellspringgroup.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, Two-Star out of Four Star rating.
The Wellspring Group has received a Two-Star rating from Charity Navigator, indicating a fair level of accountability and financial management. With an overall score of 69%, the organization has demonstrated strong governance practices, highlighted by an 87% independent board. They have robust policies in place, such as a conflict of interest policy and a whistleblower policy, both of which are crucial for maintaining transparency and ethical operations.
However, the organization has room for improvement in financial transparency, as it did not provide financial statements, resulting in a low score in that area. While the program expense ratio stands at 60.19%, which indicates that a significant portion of expenses goes towards programs, the lack of detailed financial reporting could raise concerns for potential donors about the allocation of funds. The liabilities to assets ratio is commendable at 1.00%, suggesting a strong financial position.
Additionally, it is worth noting the compensation for key personnel, with the Executive Director earning $180,980, which may be a point of discussion among stakeholders. Overall, The Wellspring Group shows a commitment to good governance but must enhance its financial transparency to improve donor confidence and its overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is The Wellspring Group legitimate?
The Wellspring Group is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Wellspring Group submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $298,880
Professional Fundraising Fees: $0
Other Salaries and Wages: $311,400
For more financial information, click here
Official website here: www.wellspringgroup.org
What is the mission statement of The Wellspring Group?
The Wellspring Group's mission is centered around discipleship, specifically helping individuals and groups enhance their lives through Christianity. They offer a model for spiritual development, which is facilitated through retreats, small group experiences, and resources for churches and organizations to implement. The group provides coaching and materials to church and business leaders, aiming to assist in the implementation of the discipleship process.
Official website here: www.wellspringgroup.org
Who is the CEO of The Wellspring Group?
Larry Bolden is the Executive Director of The Wellspring Group.
Official website here: www.wellspringgroup.org
What is the revenue of The Wellspring Group?
The Wellspring Group's revenue in 2022 was $1,787,362.
Official website here: www.wellspringgroup.org
Who are the executives of The Wellspring Group and what are their salaries?
The average compensation at The Wellspring Group during 2022 was $61,028. There are 10 employees and 90 volunteers at The Wellspring Group.
Here are 8 key members and their salaries:
- Compensation: $173,480
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $0
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- Other: $0
- Compensation: $103,600
- Related: $0
- Other: $0
Official website here: www.wellspringgroup.org
Where can I find the form 990 for The Wellspring Group?
The Wellspring Group's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wellspringgroup.org
Learn more at the official website: www.wellspringgroup.org
Mission Statement of The Wellspring Group
The Wellspring Group, a discipleship ministry, is dedicated to helping individuals and groups enhance their lives by adhering to Christ's teachings. Their mission revolves around offering a discipleship model that churches and organizations can incorporate into their spiritual growth processes. This is facilitated through retreat experiences, small group engagements, and providing resources and guidance to church and business leaders. The group's approach to discipleship extends beyond individual transformation; they also equip churches and organizations to implement this process as part of their overall spiritual development.
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Impact
October, 2024
The Wellspring Group significantly impacts individuals and communities by offering a discipleship model that promotes personal and spiritual growth through Christ. Through tailored teaching, coaching, and an array of educational materials, they empower individuals and groups to lead more fulfilling lives rooted in their faith.
Based in Norcross, GA, Wellspring focuses on equipping churches and organizations with the tools and insights necessary to foster spiritual development. Their approach includes organizing retreats and small group experiences, which facilitate deeper connections and provide essential guidance for participants on their faith journeys.
By consulting with church and business leaders, Wellspring enhances the effectiveness of various ministries, ensuring a broader reach and a more profound influence on the communities they serve. Their commitment to nurturing spiritual growth cultivates a stronger, more engaged community of believers, positively affecting both individual lives and the church at large.
This information is meant to be a general summary of The Wellspring Group. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $23
- Program Service Revenue: $189,797
- Gross Receipts: $2,071,002
Assets and Liabilities:
- Total Assets: $1,020,427
- Total Liabilities: $10,406
- Net Assets: $1,010,021
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Retreat & Workshop
Revenue
$171,047
Church Coaching
Revenue
$18,750
Organization Details
Founding Year
2003
Phone
(334) 714-9074Principal Officer
Larry Bolden
Main Address
PO Box 922173, Norcross, GA, 30010
Website
www.wellspringgroup.orgNTEE Category
Code: X21 - Religion related
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